Labrador Iron Ore Royalty (TSE:LIF) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$28.02 and traded as low as C$27.90. Labrador Iron Ore Royalty shares last traded at C$28.08, with a volume of 200,593 shares.

Labrador Iron Ore Royalty Price Performance

The firm has a market capitalization of C$1.80 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.61. The business’s 50-day moving average is C$27.80 and its 200 day moving average is C$28.02.

Labrador Iron Ore Royalty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.7%. Labrador Iron Ore Royalty’s dividend payout ratio is currently 127.12%.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.